Were Sticks Money In England?

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Were Sticks Money In England?

The term "stick" refers to a type of tally stick that was historically used to record financial transactions in England. Tally sticks were pieces of wood marked with notches to indicate the amount of money owed or paid. 

By Nigel Hilton

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What's An Annuity?

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What's An Annuity?

An annuity is a financial product that provides a series of regular payments to an individual over a specified period of time.

By Lina Martinez

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What's Up With Black Credit Cards?

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What's Up With Black Credit Cards?

A black credit card is a type of credit card that is typically offered only to high-income individuals with excellent credit scores. These cards are often associated with luxury and exclusivity, and they may offer perks and rewards that are not available to holders of standard credit cards.

By Amber Witherspoon

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What Are NFTs?

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What Are NFTs?

An NFT, or Non-Fungible Token, is a digital asset representing ownership of a unique item or piece of content, such as art, music, videos, or other digital media. NFTs are stored on a blockchain, which is a decentralized digital ledger that records transactions and ownership of assets.

By Amber Witherspoon

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What Are Bonds?

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What Are Bonds?

Bonds are debt securities that are issued by companies, municipalities, or governments to raise money. When a bond is issued, the issuer borrows money from investors in exchange for future payments, typically in the form of interest and principal. Bonds are a type of fixed-income security, which means that they pay a fixed amount of interest over a set period of time.

By Lina Martinez

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What Is Compound Interest?

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What Is Compound Interest?

Compound interest is a type of interest that is calculated not only on the initial amount of money invested or borrowed, but also on the accumulated interest from previous periods. In other words, it is interest on interest.

By Amber Witherspoon

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Money Laundering, What Is It?

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Money Laundering, What Is It?

Money laundering is the process of disguising the proceeds of illegal activities as legitimate funds in order to conceal their illegal origin. The term "money laundering" comes from the idea of "cleaning" money that has been obtained through criminal activities, such as drug trafficking, fraud, or corruption.

By Nigel Hilton

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Is Vladimir Putin The Richest Man On Earth?

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Is Vladimir Putin The Richest Man On Earth?

Among the very rich, it is an open secret that many believe Vladimir Putin is the richest person on the planet. Individuals like Elon Musk's net worth is largely calculable due to their public holdings in companies like Tesla, Twitter and SpaceX. When there is a change in value or earnings, there is a respective change in net worth.

By Michael Stolz

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What Are ETFs?

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What Are ETFs?

An index fund is a type of mutual fund or exchange-traded fund (ETF) designed to track the performance of a specific financial market index, such as the S&P 500 or the Dow Jones Industrial Average. 

By Lina Martinez

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Dogecoin: Scam Or Currency?

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Dogecoin: Scam Or Currency?

Prior to Elon Musk’s appearance on Saturday Night Live, Dogecoin was gaining value in leaps and bounds and speculators were looking at it as the newest version of Bitcoin. However, Musk called it a scam and the value tumbled within minutes.

By Lina Martinez

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Bitcoin In A Nervous Banking Environment

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Bitcoin In A Nervous Banking Environment

As of March 27, 2023, the value of Bitcoin is trading at $27,035USD.. Bitcoin is a digital currency that was created in 2009, and it has since become one of the most popular and widely traded cryptocurrencies in the world.

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DJI Trends

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DJI Trends

As of March 27, 2023, the Dow Jones Industrial Average (DJIA) is trading at 38,942.12, which represents a slight increase of 0.10% from the previous day’s closing price.

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NASDAQ Trends

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NASDAQ Trends

As of March 27, 2023, the NASDAQ composite index is trading at 12,543.98, which represents a slight increase of 0.19% from the previous day’s closing price.

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